Low price means pick-up price. There is still risk involved but I'd rather do this than buy at S$0.88, correct?

Richtan, I need your advice.

Yesterday, my friend and I argued over my trading strategy.

He said I should sell all my holdings and lock in profits first.

What do you think? Thanks! 

I am definitely new, just started trading from May this year. So now still learning and absorbing along the way. Fell down and stood up again.

Hi edskh78,

Yes, u r right on, it is a psychological mind game they r playing with the unknowledgeable.

Dun mind my asking r u new to trading.

If u r newbie to trading, below is my advice, whether to listen or not is up to u.

To succeed in trading, my sincere n genuine advice to newbies:

"Learn to master TA n u are the master of your own trades." - Learn how to spot reversal signs in candlestick charts for entry n exit

"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"

"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade"

Depending on your inclinations and whether u seriously want to learn TA, I had created 3 threads dedicated to newbies under "General", "Trading Techniques":

1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)

2. "Some recommended good Trading and TA books" - of course u can also buy TA books.
    Read as many TA books and money management books, it will definitely stand u in good stead.

3. "Advices to newbies" particular the 3 golden mantras.

Take your time to read and learn, dun rush, remember "Rome was not built in one day"
 
U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn,dun waste your money, instead self-learn the skills n use tat money to trade. I rather save the money to trade and multiply it).

I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills till I m quite confident b4 start trading bcos the mkt is merciless. 

Those TA courses, wat they teach, all are from books, nothing new.

For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much they input all the scientific knowledge into the software

If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.

To know how to post, search the forum for "tinypic.com"

edskh78      ( Date: 04-Sep-2009 10:06) Posted: It is definitely a psychological game that the 1 lotter is playing, hoping to buy a lower price, and let the pressure build up at a low price,  then let go of the rubber band and then the price will creep up, giving the impression that price is shooting up and ignorant people like me will go and chase. Haha. but now I am wiser with Midas after monitoring for a few weeks, except for Qian Hu which I bought yesterday at 0.16. Sobzzzzzz..... richtan      ( Date: 04-Sep-2009 09:59) Posted: Read this from http://rmao.net/forum/viewtopic.php?f=27&t=553: Re: Programmed 1 lotter distribution by PPG on August 30th, 2009, 4:52 pm Let me cite an example to help out in understanding. For example, I am a fund manager and I need to collect XX lots of a counter today at a certain price. So I will place a buy q probably matching or slightly less than the sell q size (to create illusion that bears are stronger). Let's say 300 lots. I will then start my 1 lot sell down program. Effectively, I'm selling into my own buy q. The purpose of this sell down program will create the illusion that some one is selling down. Weak and kan keong holders will starts to sell down to my buy q. Let's say my program sell down will selldown 1 lot every min. So in 1 hour I will sell back myself 60 lots and effectively collect 240 lots, assuming my buy q gets snapped up fully or exhausted. Now you will observe most selldown program upon nearing the buy q exhausted soon, the buy q will most of the time be miraculously replenished with small amounts slowly. Sometimes the collector will allow it to fully retrace from previous collection point and collect at 1 bid down also.

Yes, imo, good for u as the mid to long term trend is still up.

The trend is only not your friend if u r affected emotionally by the day to day price fluctuations or contra or short-term player.

It is definitely a psychological game that the 1 lotter is playing, hoping to buy a lower price, and let the pressure build up at a low price,  then let go of the rubber band and then the price will creep up, giving the impression that price is shooting up and ignorant people like me will go and chase.

Haha. but now I am wiser with Midas after monitoring for a few weeks, except for Qian Hu which I bought yesterday at 0.16. Sobzzzzzz.....

richtan      ( Date: 04-Sep-2009 09:59) Posted: Read this from http://rmao.net/forum/viewtopic.php?f=27&t=553: Re: Programmed 1 lotter distribution by PPG on August 30th, 2009, 4:52 pm Let me cite an example to help out in understanding. For example, I am a fund manager and I need to collect XX lots of a counter today at a certain price. So I will place a buy q probably matching or slightly less than the sell q size (to create illusion that bears are stronger). Let's say 300 lots. I will then start my 1 lot sell down program. Effectively, I'm selling into my own buy q. The purpose of this sell down program will create the illusion that some one is selling down. Weak and kan keong holders will starts to sell down to my buy q. Let's say my program sell down will selldown 1 lot every min. So in 1 hour I will sell back myself 60 lots and effectively collect 240 lots, assuming my buy q gets snapped up fully or exhausted. Now you will observe most selldown program upon nearing the buy q exhausted soon, the buy q will most of the time be miraculously replenished with small amounts slowly. Sometimes the collector will allow it to fully retrace from previous collection point and collect at 1 bid down also.   bennykusman      ( Date: 04-Sep-2009 09:46) Posted: just wondering why he pushes the price by 1 lot ? what is the purpose ? is it midas expected to rise fast in the 1 month time ? anyone has experienced before when there is '1 lot' sell now, in future will cause the price to go up

Re: Programmed 1 lotter distribution

by PPG on August 30th, 2009, 4:52 pm

Let me cite an example to help out in understanding.

Just ignore it n not get affected emotionally. It is just noises.

Remember, the 3 golden mantra, 2 of which is

1. "Plan your trade n trade your plan"

2. The trend is your friend.

Other than these 3 golden mantras, all the rest are just noises.